I never thought I'd sell on here. Only to buy. But I'm looking to sell a 5 oz ABC cast gold bar I bought from ABC in Sydney. Here's the rub: 1) I want to be paid in ETH 2) Only F2F Please advice on tips and general rules of thumb for both myself and any potential seller.
And transferring ETH at the moment in the regular manner is expensive for example on Binance, so someone like @Stoic Phoenix or @dozerz might be able to suggest a different means to exchange the ETH. I’m not up on the new platforms that have been introduced lately to lower fees.
I'd disagree on spot spot trade. Everyone knows spot prices of pm is for paper only. Any physical bullion always has some premium on top, and I'd be looking for $100 to $200 on top of spot
I'm just asking for advice, the price is less of an issue and more how f2f should go without issues. Things like how payments work, best/safest places to meet. There are risks on both sides, and if I can't figure it out, I'll just go to a dealer and sell below spot
Meet in a cafe, have a coffee, exchange goods, shake hands, smile and walk out. That’s the simple bit.
The greatest risk is probably going to rest with the buyer as he’ll have physical goods on him when he leaves and someone may see what’s happened. You’ll just have a mobile phone. Take a photo of the blob on the current newspaper of the day. That way if you get jumped you’ll have some sort of proof of ownership. And in the end 99.999% of onlookers or other coffee drinkers won’t give a shit of what the two of you are doing. Just don’t overdo the secretive bit.
And also if you don’t know how crypto payments work then just do a bank transfer. Or practice before hand. I can help you there if you don’t already know how to transfer crypto.
I've done btc before. For ether, I'm sure there's a confirmation time. Never done a crypto transaction f2f. Unsure on what would be best practice
Just give the buyer your address, do the transaction, sit around and chat about life and wife, then when it’s gone through wave goodbye to each other.
Hi I did one in Sydney. He was driving home from work and I was on city rail and met at a station. Saw his car, walked over, said hi, he asked me to sit in the car rather than stand on a busy footpath so I said ok. I opened my Coinomi App.... We agreed on a BTC amount to match the $$$. So while he was looking I openly showed my phone with the BTC transfer we agreed on and sent it. At that time BTC transfers were slow. We talked for about 15 minutes but then we both decided it was taking too long and agreed it was sent and that it can't be reversed so we parted ways and I got my silver. Later that evening he sent me a PM saying it all arrived no problems. Not sure if Coinomi is still around or if it still takes a long time but it worked.
I wouldn't be asking the buyer to send it to my account on an exchange. So I suspect it would take longer because exchanges charge higher fees?
I did this transaction 3 years ago so I can't remember where I sent it. I just asked the guy which address he wanted me to send it too and that was it. I have only checked back into my crypto accounts last week as I knew I had a few bucks here and there so I decided to put it all in one place. In my opinion, nothing much has changed, it still takes quite a long time for verifications. What I thought was weird was that I wanted to put the lazy $100 I had in Litecoin into BTC but couldn't. I think it is a too small amount and fees to high because I tried in 2 different places to do it but neither would allow me too, probably not a high enough amount to get any.
post a pic and agree to pay the gas, ill meet you and swap it at the rocks copshop or wherever. gas is about 50 usd on a transaction that size.
